Securities Commission uncertainty a bottleneck to Papua New Guinea’s growth, says PNGX Chairman

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Papua New Guinea took a step closer to resolving a significant governance issue related to its stock exchange, PNGX, following a National Court ruling late last month. However, uncertainty continues to hold back PNG’s capital markets, reports David James.

Oil Search’s MD talks about the next wave of gas projects in Papua New Guinea

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Oil Search is a key partner in the next wave of gas projects in Papua New Guinea but has faced a tough year. Business Advantage PNG speaks with Managing Director Dr Keiran Wulff on the company’s future in PNG and the rich potential of its gas reserves.

Total SA and Papua New Guinea sign key agreement for Papua LNG to move forward

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The long-awaited signing of the Fiscal Stability Agreement between the Papua New Guinea government and Total SA has been announced. It opens to the way for the project to go forward.

Total expected ‘shortly’ in Papua New Guinea to advance Papua LNG, says Kumul Petroleum MD

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The signing of a fiscal stability agreement between Papua New Guinea and French oil major Total looks set to trigger the FEED phase of the multi-billion dollar Papua LNG project. Wapu Sonk, Managing Director of national oil company Kumul Petroleum, tells Business Advantage PNG the signing is expected within the next two weeks.

People moves: Kina Securities, Bank South Pacific, Oil Search, Newcrest

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Kina Securities Ltd announces a new Non-Executive Director, Bank South Pacific (BSP) welcomes a new Director, Oil Search appoints a Communication Manager and Newcrest Mining welcomes new external affairs executive.

People moves: Oil Search, Steamships, Nambawan Super, Abt Associates

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Oil Search CFO designate departs, new legal counsel at Steamships, new CFO at Nambawan Super, new Deputy Director at Abt Associates.

Oil Search tightens the purse strings and focuses on Papua LNG

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Oil Search has announced in a recent strategy update that it will continue to reduce costs and pull back on exploration. However, the company says it intends to make the Papua LNG project a priority.

In brief: Dirio Gas and Power project launched and other business stories

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The Dirio project gets commissioned, Barrick distances from Papua New Guinea’s political turmoil and state-owned enterprises reform on track. The business stories you need to kickstart your week.

In brief: Wafi-Golpu closes in on environmental permit and other business stories

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Wafi-Golpu close to environmental permit, Kina Bank to launch capital fund for SMEs and PNG LNG delivers its highest production moment yet despite the COVID-19 pandemic. The business news you need to kickstart your week.

People moves: Kumul Minerals Holdings, ICCC, Karoon Energy

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Kumul Minerals Holdings welcomes a Registered Mine Manager, Papua New Guinea’s Independent Consumer and Competition Commission reappoints CEO, and new appointment for Oil Search’s former head.